Succession Planning

Succession Planning is one way of bringing that ‘right
person’ through the company, instilling the core values and culture and
providing stability for both the staff and clients alike.

Talk
to your accountant regarding how to extract capital payments out of the
business over a period of time and your solicitor regarding shareholder
agreements.

There are risks associated with a key person within the succession plan. The death or permanent disablement of
any of these people will put the plan at great risk for all parties.
We will ensure this is protected in a way that everyone benefits.
Extraction of capital payments to ensure estates are settled and ownership is sorted is a critical aspect of a good succession plan.

Nobody wishes for early succession, but it’s something we all need to be ready for, should the worst happen.

It’s
not unusual for a business owner to have a ‘mental succession plan’
without having fully realised their intentions and considered all
possible outcomes and permutations. Business insurance makes sure your wishes are actually carried out.

Contact New Vision Financial Services Limited

Other products and services from New Vision Financial Services Limited

Being new to business can be exciting and daunting at the same time. We
all need an exit strategy in case of a serious illness or accident.
Many insurers require 3 years of financial records before offering
income protection. Not any more. There are some insurers now that
offer very smart
benefits that do not ask income questions at application of claim
time. These levels of cover are agreed at application time and do not
conflict with ACC payments.

You have made the move, investing a lot of time and money to get to the shores of New Zealand. Our purpose is to: · Help you make informed
decisions on what insurance is. · Help you design your own
protection plan for your family and business. To arrange a no obligation no
pressure, free health check of all your insurances please contact me.

Group
insurance is a health and lifestyle coverage plan in which individual
employees or members are included under one 'master policy' owned by
their employers. Because the group insurance plan has so many
contributors, the policy often provides coverage for more services at a
much lower cost per participant.

Choice... it's all about choice. Not only that, it's also about purpose behind the policy and ensuring the ownership is correct. You will not get this specific service provided to you from a bank. Insurance Brokers are all about ensuring you maximise your benefits within your insurance spend. Get it right and get it done now. Call Glen and the team at New Vision Financial Services for a free no obligation chat today. Glen Hatcher New Vision Financial Services Limite

Halve Your ACC levies with us and we will put those savings to good use. You need to be a provisional tax payer (not on PAYE) for this to work. People declaring more than $50,000 per year will benefit more and need to get this sorted out, otherwise they are throwing good money away. Our advice is free.

We provide the choice of providers. We are not limited to quota's with any one insurance provider. We choose the best possible solution for an individuals situation. Finding insurance that will deliver the right result to the right person at claim time.

25% of stroke sufferers will be under 65 2,479 new breast cancer registrations with 647 deaths from the disease in one year Younger people are having heart attacks which has implications for jobs and family life We can get children covered for free under an adult parent policy.

Looking after a Key Person in a business, especially if you are a sole trader is vital. Do not fall in to the trap of not protecting your business revenue (what you bring in to the business from a cash-flow point of view). We can insure revenue in case of premature death, suffering a serious illness, permanent disablement or temporary disablement. In many cases we can re-structure ACC levies to fund this.

Medical insurance does not have to be expensive. You have options for: Hospital Only cover Specialists and Tests cover GP cover Optical and Dental cover Alternative Treatment cover Let us put a cost effective package together for you today.